Jihbafiwmgnwgijm, Sng

In: Novels

Submitted By dd30105
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 Barings Bank activated its seat on the Singapore International Monetary Exchange (SIMEX) in 1992. According to Nick, “not only did the powers-that-be really want me [in Singapore], but they probably wouldn’t go ahead without me. They......

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...basis to Singapore to meet SIMEX margin payments. • Tony Railton was the Senior Settlement Clerk from the London office. He was sent to Singapore in January 1995. Two days before the Barings scandal hit the headlines, Nick said of Tony: “He was a big, bulky man, running a little too fat, and always anxious to please. I’d see if I could fob him off with another useless chore … He was no nearer finding my account than he was a week ago, and he’d been ferreting around the office for a month now. It was pathetic.” (Leeson and Whitley 1996, 4). • Ash Lewis was the formidable internal auditor from Barings London who never did get to do the audit of the Singapore operation. • George Seow was the first trader that Nick recruited. • Risselle Sng handled the settlements in the back office in Singapore. • Kim Wong was a novice trader that Nick recruited. According to Nick: “I couldn’t work it out: there was one slip – a sale note for twenty contracts – and I couldn’t see the balancing purchase…I looked at the initials on the slip: it was Kim Wong.” (Leeson and Whitley 1996, 40). • Mui Mui was the external auditor from Coopers & Lybrand who questioned Nick about the 7.78 billion yen (50 million pounds) receivable from SIMEX. Instructions for your report: 1. Type your report using Times New Roman, 12point font, 1-inch margins, double-spacing. 2. In all organizations, senior executives and managers are very busy and will not spend time reading a report that is of no......

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